The Asian markets ended in a high on Friday after a disappointing start. Encouraging Europeans news propelled the market higher. Europeans Indices have open high as well and the Dow Jones is expected to open around 130 points higher.
Technically, markets are pointing to a recovery period. Will it be a temporal recovery until Spain or Italy come out with the need for funds ? We will need to wait and see.
In the mean time, traders could look toward to a positive coming week and start planing for
companies earnings reports. Companies earnings can have a severe impact on share prices. Trading volumes are usually thinner and most trader and fund managers will wait until results are announced.
Some companies reporting this month are:
Alcoa July 9
Wells Fargo & Co July 13
Citi Group July 16
Coca Cola July 16
Golman Sachs July 17
Intel July 17